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India will be in new league of unprecedented development and transformation: PM Modi

05-10-2017 | Pratidin Bureau. |

Prime Minister Narendra Modi on Wednesday has assured people that the steps taken by the government are to keep the country in a new league of development in the coming years. Inaugurating the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India (ICSI) in New Delhi, PM Modi said, the present government understands the cost of the hard-earned money of people and its policies and schemes are aimed at making life easier for the poor and the middle class and also save their money.

The Prime Minister said that his government believes in empowering people and bringing a qualitative change in their lives. The PM said, policy decisions in the field of affordable housing are unprecedented. He said, government has spent more than Rs. 10,600 crore on the new and renewable energy sector.

Prime Minister Modi said, he will not let the present problems jeopardize the future of the country. He said, government would focus on structural reforms rather than giving doles to win praises. He said, his government is a sensitive government and have accepted the strongest criticism and considered them with humility.

Quoting the RBI, the Prime Minister said the growth is expected to improve to 7.7 per cent in the last quarter of this fiscal. Observing that the number of EPFO subscribers has gone up from 3.26 crore in 2014-end to 4.80 crore, Modi said this cannot happen without increase in job creation.

The Prime Minister also said his government had the courage to take bold decision like demonetisation and implementation of GST, which the previous government lagged. He said, in the changing economic scenario, honesty will command a premium and the government will protect the interest of honest persons. He called upon the company secretaries to encourage their clients to honestly pay taxes.